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US threatens countries doing business with Iran, but holds off on penalties for now
By David Lawder and Humeyra PamukWASHINGTON, Aug 24 (Reuters) - President Donald Trump's administration on Monday announced a possible expansion of sanctions on countries doing business with Iran as part of what it billed as an "economic D-Day," but stopped short of actually imposing penalties.As the war with Iran nears its six-month mark, Treasury Secretary Scott Bessent said the U.S. was launching an "economic onslaught" against Iran's financial connections around the globe.
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military.com
Trump Warns of ‘Economic D-Day’ Against Iran, but Tehran Is Well Acquainted With Sanctions
President Donald Trump announced this week that the U.S. would be imposing an “unprecedented” level of economic warfare and isolation on Iran.
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npr.org
Treasury Secretary Scott Bessent to unveil new economic sanctions on Iran
The Trump administration calls this "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."
